Ask Experts Questions for FREE Help !
Ask
    donnie01's Avatar
    donnie01 Posts: 4, Reputation: 2
    New Member
     
    #1

    Feb 12, 2007, 03:25 PM
    Living in NJ and working in NYC, what are the tax issues?
    I live in NJ and just got a job in NYC. What do I need to know about the taxes?
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
     
    #2

    Feb 13, 2007, 10:47 AM
    You should have NY and NYC taxes withheld from your salary. Withhold NO NJ taxes.

    You will have to file two state tax returns, NY and NJ.

    NJ will give you a credit for the NY state taxes you pay. Since NY tax rates are higher than NJ, that credit will completely offset your NJ tax liability. However, you have to show that by filing a NY tax return.

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Working out of State and Tax Issues [ 9 Answers ]

Hello, I'm a IT consultant working for a company (i.e. I'm just a cog in the Man's machine, not an independent :D ) I'm currently on a long term project in another state. I generally fly in on Monday and fly out on Thursday and work from home on Friday. I get a per diem for food and reimbursed...

Living in NYC, working in NJ [ 5 Answers ]

My husband works in NJ and lives in the Bronx. WE went to get our taxes done but now owe NJ money because tax guy said they didn't withhold NJ non-resident tax (they didn't). My husband asked his employer today and they said that what we pay to NY state tax should have covered this. Does anyone...

NJ or NYC living/working most economical tax wise? [ 1 Answers ]

I am looking at a position with my current company servicing our customer based in Ridgefield NJ. My question is which is cheaper, to live and work in NJ, to live and work in NY or to live in NY and work in NJ? I have read other questions in this forum and understand the state tax credit...

Tax Exemption for living in NJ working outside NJ [ 1 Answers ]

Hi I am a regional salesperson, live in NJ and travel extensively outside of the state of NJ. I have heard that you can apply to be exempt from paying taxes in NJ if you live in the state but spend so much time outside of the state. Is this correct? How do I go about claiming this status? How...

Fed, State and City - NYC living and working [ 5 Answers ]

Hi, I’ve just started working in NYC and living in NYC. From some research, I understand I need to pay federal, NY State, and NY City taxes on my gross income after adjusting/deducting the gross income for some exemptions and deductions. Also understand two options under deductions exist –...


View more questions Search